India’s small traders lose US$12 billion in equity derivatives
Mom-and-pop traders lost a combined US$33 billion over the four years through March Individuals in India lost over US$12 billion trading equity derivatives in the year ended March,…
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ExxonMobil sees US$1.5 billion earnings hit from lower oil, gas prices
The company “has a much smaller trading organisation than its European peer Shell, and thus was not impacted by the same issues” ExxonMobil expects lower oil and gas prices to…
CRWV update: CoreWeave $9 billion data deal to buy Core Scientific sends both stocks tumbling
AI cloud computing giant CoreWeave announced on Monday it has signed a deal to acquire Core Scientific, a data center provider, in an all-stock deal valued at $9 billion. The news sent…
Tesla short sellers set to pocket about US$1.4 billion in profits after stock slump
Tesla’s shares fell 7.5% at US$291.50, having lost more than 21% so far this year Traders are set to make about US$1.4 billion in paper profits from their short positions in Tesla…
Apple supplier Lens Technology said to price HK$4.8 billion Hong Kong listing at top of range
The company joins the growing wave of China-listed companies seeking to go public in the city Apple supplier Lens Technology has raised HK$4.8 billion (S$781 million) after pricing…
Nissan to sell 150 billion yen convertible bonds for recovery
Nissan Motor plans to sell 150 billion yen (S$1.3 billion) of convertible bonds to help fund new chief executive officer Ivan Espinosa’s turnaround of the ailing automaker. The…
Germany’s 34.1 billion euros pension gives mandate to China stock fund
A German pension fund has tapped a Chinese firm’s Hong Kong arm to help it invest in local stocks, in a rare move among global allocators that have been cautious about gaining exposure to…
Taiwan stock ETFs lead inflows in Asia with US$19 billion haul
Traders are swarming to equity-focused, exchange-traded funds (ETFs) listed in Taiwan, with demand from retail investors and a strong local currency driving up flows. Taiwan-listed equity…
Hong Kong IPO frenzy sets sights on record HK$250 billion fundraising for 2025
HONG Kong’s sizzling initial public offering (IPO) market is prompting the Big Four accounting firms to sharply raise their fundraising forecasts for 2025. KPMG now predicts total proceeds…
Airbus inks US$20 billion Malaysia jet deals on Anwar trade trip
Malaysia’s biggest airlines sealed Airbus deals worth US$20 billion as Prime Minister Anwar Ibrahim wrapped up his European tour. AirAsia reached a tentative agreement to purchase as many…
Wealth fund KIA said to be seller of HK$26.8 billion AIA stake
The Kuwait Investment Authority (KIA) was the undisclosed shareholder behind the HK$26.8 billion (S$4.3 billion) sale of a stake in insurer AIA Group, sources with knowledge of the…
Unnamed AIA Group shareholder is said to sell HK$26.8 billion stake
An undisclosed AIA Group shareholder sold a HK$26.8 billion (S$4.4 billion) stake in the insurer via block trades, according to people familiar with the matter, in one of the…
Microsoft Partners with Premier League, to Bring AI Powered Digital Experience to 1.8 Billion Football Fans Worldwide
Microsoft is bringing exciting news for football fans as the tech giant and the Premier League are teaming up to bring major change to soccer, using artificial intelligence to create a…
Thakral’s GemLife debuts on Australian bourse with A$1.65 billion market cap
It ends first day of trading up 4.1% at A$4.33, with 9.12 million stapled securities transacted Thakral Corporation’s investee company in Australia, GemLife Communities Group, on Thursday…
Jonathan Anderson’s Dior Debut Yielded More Than a Billion Views
TRAFFIC PATTERNS: The curiosity about Jonathan Anderson’s Dior debut was real. According to the fashion house, more than a million people followed the livestream of the fashion show,…
Visa, Mastercard race to tame a US$253 billion crypto threat
A turf war is breaking out in the vast world of digital payments – and the incumbents are suddenly on defence. Tech firms and crypto startups are moving in on territory long dominated by…
How JioStar’s Sanjog Gupta Plans to Win India’s $130 Billion Sports Market: ‘The Journey Has to be Distinct and Unique’ (EXCLUSIVE)
From cricket to Coldplay, one executive is redefining how India consumes live entertainment. As India’s entertainment landscape undergoes seismic shifts, few executives are positioned as…
Alibaba offers 50 billion yuan of subsidies to defend turf in China
The world’s second-largest economy’s e-commerce leader is facing growing challenges from up-and-comers such as PDD Holdings Alibaba Group Holding is offering 50 billion yuan (S$8.9…
Two Chinese chip firms plan 12 billion yuan IPOs, bet US export curbs to spur growth
Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan (S$2.1 billion) in initial public offerings, hoping US curbs on advanced chip sales to…
Prudential commences third tranche of US$2 billion share buyback scheme
Asia-focused insurer Prudential on Tuesday (Jul 1) announced the commencement of the third and final tranche of its US$2 billion share buyback programme launched in June 2024. This latest…
Standard Chartered Bank faces US$2.7 billion lawsuit over alleged role in 1MDB fraud
The move is the latest in a wide-ranging effort to recover money belonging to 1Malaysia Development Berhad — Liquidators seeking to recoup…
Standard Chartered faces US$2.7 billion lawsuit over alleged role in 1MDB fraud; bank ‘emphatically rejects’ claims
Liquidators seeking to recoup misappropriated funds from Malaysia’s sovereign wealth fund 1Malaysia Development Berhad (1MDB) have initiated legal proceedings against Standard Chartered…
Oracle inks cloud deal worth US$30 billion a year
That revenue alone would represent nearly three times the size of Oracle’s current infrastructure business Oracle said it has signed a single cloud deal worth US$30 billion in…
Justice Dept. announces largest health care fraud takedown ever; $14.6 billion in bogus claims
Russian-led scammers bought out legitimate U.S. medical companies, stole the identities of more than one million Americans and submitted $10.6 billion in bogus claims under their names,…